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and prepared them for use in aerial bombs. these reports suggests that assad's forces are waiting for orders. if true, these reports may mean that the united states and our allies are facing the prospect of use of weapons of mass destruction in syria and this may be the last warning we get. time for talking about what to do may now be coming to a close and we may be left with an awful and very difficult decision. whether to continue on the said lines and hope that a man who has slaughtered nearly 40,000 men, women and children in syria will decide not to take the next step and use far more destructive weapons to kill significantly larger numbers of people, whether to take military action of some kind that could prevent a mass atrocity. if that is the choice we now face, it is a grave and sobering decision and would put the starkest expression on the failure of the administration's policy towards syria. savage and unfair fight, this raged now for nearly two years. the longer this conflict has gone, the worse it has gotten. all of those who argued for non intervention because of the things tha
gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close.
on the first part of that. >> democracy now! questions u.s. climate negotiator jonathan pershing about criticism of the failure to do more to cut emissions and save the planet from catastrophic climate change. we will speak with ronny jumeau and martin khor of the south centre in malaysia, and then anjali appadurai. >> you have been negotiating my whole life, you have failed to meet targets and a broken promises. >> a year after calling on world figures to do more to save the planet, the 22-year-old american college student was banned from the climate talks here in doha for the first week. she joins us today h. then we look at how the koch brothers are influencing climate policy.politic this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the death toll from a massive typhoon in the southern philippines has doubled to more than 270 people. typhoon bopha is the most southerly typhoon ever recorded in the western pacific and the strongest to hit the philippines this year. 80,000 people have been forced to flee their homes. we will have more from doha after
for hundreds of patients during her time with us. everyone is shocked by the loss of a much loved and a valued colleague. >> in a statement, a spokesman said the duke and duchess were deeply saddened to learn of the death of saldanha. "they were looked after so wonderfully well at all times. their thoughts and prayers are family andnha's friends." the call was made by two austrian radio presenters. they work for a sydney radio station. the station has offered its deepest sympathies. the presenters will not be returning to the station until further notice. nurse saldanha was on night duty at the hospital last monday night. the duchess of cambridge had been admitted a few hours earlier. at 5:30, the call came through. she answered it and was taken in by the callers impersonation of the queen. she put it through to a second nurse who was monitoring the duchess. according to the hospital, nurses saldanha had not been disciplined or suspended. jacintha saldanha was married with two children. >> now to the economic deadline facing the united states, which has global implications. it is a combination
>>> south koreans are getting used to the idea of their first female leader. park geun-hye starts laying out her plans a day after she won the presidential election. policymakers and japan's central bank have injected another shot of stimulus into the economy. they're facing pressure from the incoming japanese leader. >>> welcome to nhk world "newsline." park geun-hye made a lot of promises during her election campaign. she said she would make life better for south koreans. now the pressure for her to keep those promises is on. people across the country are watching the president-elect closely and analyzing her victory. earlier i spoke with a reporter in seoul on the day after the election. >> reporter: the south korean media are busy telling park geun-hye's history, they're going over the twists and turns of the path that led to the start of a late president back to the blue house as president. experts say the high voter turnout helps park win more than 50% of the ballots. some initially thought it would have favored opposition candidate moon jae-in who has widespread support amo
today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
of the key city aleppo. some rebels named by the u.s. state department terrorists. they designated a terrorist group linked to al qaeda in iraq. the department imposed sanctions. what does it mean to sort out good rebels from bad? nick paton walsh explains. >> reporter: not only look different, black flags, well armed and disciplined, they fight differently, too. using suicide tactics and mass casualty car bombs, radical extremists but undeniably effective. behind a stream of rebel victories, overrunning regime bases across syria, many thinking the end of assad is nearer than ever. why has the united states, who also want assad gone, black listed them as terrorists? >> we've had concerns that al nusra is little more than a front for al qaeda in iraq who has moved some of its operations into syria. >> reporter: that link clear in the document filed monday, al nusra deemed not a new group, another name for al qaeda in iraq. u.s. officials believing insurgents who kill americans in iraq fighting for rebels against assad. this move may make sense in principle but, say experts now, less
if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out
only 6,000 prius sold in the first three quarters, leaving us with the number one electric car in the u.s., yeah, you got it, the always controversial chevy volt which does not make this noise. get this, the best selling car has just 13,000 sales. that's the best selling one. that's the one that does really, really good. the car is constantly a disappoint dollars. that is it for next "the willis report." thank you for joining us and i wish you and your families all have a very, very merry christmas. have a great night. lou: good evening, everybody. obama administration's collectible middle east policy. egypt right now on the grip of the worst political crisis since the fall of the president two years ago. and in syria, increasingly desperate measures to counter an insurgency that is slowly but surely pushing closer to control of the capital city of damascus. we will take all that up there with the fox news military analyst, new intelligence report that concludes america's time as the lone superpower is nearing an end. john negroponte joins us to discuss our nation's future as
are not in a position to be held hostage by anybody. it also focuses on find more and use less. what we can do in the federal government is i think invest in research and getting a 500-mile battery for electric cars and getting solar energy that is 1 kilowatt installed and finding a way to capture carbon from coal plants that can be turned into fuel that is commercially sold. we should look at the model of unconventional gas in terms of how our system and federal research and our system of private properties have produced a situation where we have a massive advantage over europe and asia in terms of our natural gas. it creates a better economy and that reduces the debt. >> there is a headline predicting we will be producing more oil than saudi arabia beginning in 2020. this is something almost on imagined 10 years ago. -- unimagined 10 years ago. what is the role of the federal government? >> to do things that encouraged the results. to follow up on the fiscal cliff. you can solve this fiscal problem if you grow our role to position relative to everybody else's. a big problem is the percentage
within the u.s. and the west and libya was a time which i had lived as a junior diplomat from 2004-2006 when a small group of us were sent to tripoli to basically laid the foundation for picking the embassy. i, you know, spend a lot of time in the middle east, sometimes i wonder whether i should a steady japanese like when i was in college because the degree of change ability, it's a drama continuing, but there's a certain something about the region and the people and the disparate culture which is really quite gripping and the more that you get into it the more you become passionate about it. i'm simply very passionate about libya. essentially some of the reflections that i heard, the commentary that was made to me while i was posted in libya were basically driving desire to write this book because a number of people came up to me. very surprising in different contexts, different taxi drivers, police to make lots of money as middlemen between the regime and the private sector, former mark -- former monarchy, people who have been parliamentarians' back in the 60's said, look, we un
killed in a u.s. drone strike in the pakistani region of north waziristan. the attack targeted a home with a pair of missiles. pakistani intelligence says the victims were suspected militants. the syrian government is accusing western leaders of drumming up support for foreign military intervention by invoking a month on fears of chemical weapons. this week, president obama warned president bashar al-assad against chemical weapons, about an unspecified consequences. speaking to leaders in brussels, hillary clinton followed suit. >> our concerns are that an increasingly desperate assad regime may turn to chemical weapons, or may lose control of them to one of the many groups that are now operating within syria. so as part of the absolute unity we have on this issue, we have sent an unmistakable message that this would cross a red line. those responsible would be held to account. >> in response to the threat, assad's regime has assisted it will not use chemical weapons against its own people, calling an assertion to the contrary to a pretext for intervention. >timothy geithner is says t
and the uk government on following the lead of the scottish government and scottish parliament in its using equal marriage minimum pricing for alcohol and previously on the smoking ban. given the fact that unemployment is now lower in scotland than the rest of the uk, will he follow the lead of the scottish government by introducing a more shovel-ready measures for economic growth? >> i think what the honorable gentleman will find is because of the measures taken in the autumn statement, there's an extra 300 million pounds for the scottish government to spend, so if they want to spend that on shovel-ready measures they can. but i certainly am happy to say that when good policies are introduced in any party, in the united kingdom to i think we all have the opportunity to follow them. >> order. statements, the prime minister. >> here on c-span2 we will leave the british house of commons now as they move onto other legislative business. you've been watching prime minister's questions time era questions time error of life wednesdays at 7 a.m. eastern of parliament is in session. you can see thi
not to meet with us. the message about our concern, again, not just those of the united states but britain and france come we traveled there as the t-3, three permanent members of the security council who have worked together on many issues. but we did speak with the foreign minister, plus some of her colleagues. again, we raised the issue of the need to and outside support. as in previous discussions, the rwandan government strongly, vehemently denies that it is providing any assistance to the m23, and it has not taken the steps of publicly denouncing on a bilateral basis the m23. so we have raised this, and it's important that we continue to monitor this as others in the international community do on a very, very close basis. with respect to your second question about international support, or at least our bilateral support to the rwandan government, i start with what i said to congressman marino earlier, is that they utilize their international assistance, not only from us in particular, but others very, very effectively and to use it with great integrity. people get it. we are not prov
alarmed people in neighboring countries. senior officials have met with their u.s. counterparts to coordinate their response. south korea's chief nuclear negotiator and the head of the japanese foreign ministries headed to washington. they met with u.s. special representative on north korea, glen davies. they will continue diplomatic efforts until the last minute. >> translator: we also agreed that the international community should take firm action if north korea goes ahead with the launch. >> sugiyama said he hopes to visit beijing to discuss the matter with chinese officials. >> they're ignored warnings over the year when they went ahead with a launch that ended in failure. covering the korean peninsula, we see why leaders in the north are pushing ahead despite opposition. >> reporter: the ballistic missile launch will be the second since kim jong-un took power a year ago. it will use the same launch pad, a site in the northwestern part of the country. before the first testing, officials said the three-stage rocket was meant to carry a satellite. but japan and the u.s. and so
. jacob roberts. 22 years old. one of his friends told us today that roberts was always so happy, so friendly. according to the sheriff he had no known criminal history until yesterday afternoon. when witnesses say the guy walked in the clackamas town center mall in su push of portland, oregon, carrying a stolen semi-automatic rifle, magazine after magazine full of ammo, wearing a hockey mask. like jason, the killer from friday the 13th horror movie they said. >> as he drawn the hallway it got real quiet. just because i was in shock. everything that but going on. i hear "i am the shooter." after that, i heard five or six shots. but then i ran out and i started telling people it's time to go. >> witnesses say dozens of shots followed. the shooter chose his targets at random, say police. in the middle of a mall packed with up to 10,000 employees an shoppers. a lot of them ran. others say they hid in backroom of stores. sheriff department reports itsed within one minute. radio traffic shows the chaos. >> active shooter. >> people sailing out like crazy from everywhere. >> shepard: the h
a lot of what we read their is a discussion between u.s. regulators, foreign regulators and often concern on the harmonization between the two, and both the pro methodology use of language because many of us are starting to see a more complex world coming in where others multiple product wrapped in their and if there's a currency okay that might be exempt. there might be a package that actually has from both of you that sort of harmonization really does become important. is there a difference between the way your regulatory bodies are approaching these? >> we have worked together and harmonize on the definitions that you just mentioned about the swaps and mixed swaps and security based swaps so i think the public has a great deal of guidance and the rules but to the extent they need to come back on the package we would address it together. >> mr. cook do you have any incumbent new york city in different approaches is that cultural between the two regulatory bodies? >> i can't speak to the cftc statute but one of the reasons it drove us to the rulemaking in the context is that we l
to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pe
of libya's ire -- ire veal -- irrelevance of u.s. policy. go back to the libyan's fate, one, the u.s. relations with lip ya has been, you know, u.s. has always looked at libya as something of a strange creature that we could use for certain -- as a piece, of a strategy that had to do with the region as a whole. it was never looked at -- it was never seen as an object in and of itself. could start with the relation of the soviets, the eisenhower doctrine, and the united states' desire to push back soviet influence. libya was desperately pleading for u.s. attention back then, for aid, to get itself together, to stand on its own feet. this was before the discovery of oil, and the u.s. took a, well, you know, you're not really important as e just a minute, for example, and, you know, we'll think about it, and the result was that the prime minister of the time, you know, basically devised a plan to court the soviets and see if he could grab the united states' attention, and that happened. the next, you know, major event was the libya's and gadhafi's successful bid to change drastically th
you in, harris. thank you for joining us. "america live" starts right now. >> fox news extreme weather alert on the deadly storm that has caused major problems from texas to the northeast the storm is now blamed for a total of 15 deaths. whipping up tornados in the south, strong winds and rain along the atlantic coastline and dumping heavy snow from the plains to new england. the northeast getting hammered today. some areas are seeing more than a foot of snow while others deal with a heavy wind-swept rain leading to big airport delays in ohio, more than a thousand trucks are sent out, some getting heavy police escort as winds cause zero visibility. drivers say the situation is awful. >> i have seen 10 cars in an accident. i have saw a lexus fly into a ditch. i saw a semi-truck jackknife. all kinds of stuff. >> i have lost count of the number of cars i've seen in the ditch. i saw a jackknifed tractor-trailer. i saw a horse trailer that was turned over. so i think people are just not really driving slow enough for the conditions. >> pretty rough. we've seen a lot of accidents thus far in
kurtz. you can check us out every monday. we're back here next sunday more, 11:00 a.m. eastern. state of union with candy crowley is right now. >>> to recap the past week of activity atop the fiscal cliff, nothing happened. today the search for a sweet spot between the deal the speaker can get from the president and the one he can sell to his bruised party. >> they have put forward an unbalanced plan that actually lowers rates for the wealthiest americans. >> when is he going to take a step towards us? >> republican house speakers tom cole and marsha blackburn. >>> then falling off the fiscal cliff, a tumble that would shake the world with international monetary fund christine lagarde. >>> plus what happens if nothing happens with moody's chief economist mark zandy, jackie comes of the "new york times" and cnn's dana bash. i'm candy crowley and this is "state of the union." >>> politically the speaker is playing with a weaker hand that the president, the pressure is higher on him and his critics are harder too. >> the republican party's finished. >> he is selling out our childr
talks on the u.s. budget crisis. >> the annual chaos computer club conference gets under way in hamburg with organizers warning that government internet surveillance is a growing threat. the international convoy for syria made a proposal in damascus where he is delivering talks. >> he will also be holding discussions in moscow as russia steps up its role in helping to find a political resolution to the conflict. the russian parliament says time is running out for damascus. >> it was a high-level meeting between syrian diplomats and the russian foreign minister. he made moscow's line clear -- the crisis has to be solved through political dialogue between the warring parties, but there was no mention of any new proposals to bring about that objective. the foreign ministry denied reports of a new peace plan from russia and the u.s. >> this plan does not exist. that is why it is not being discussed. with mr. brahimi and our american colleagues, we are trying to find a solution on the basis of the peace plan that was agreed upon in june. >> the geneva agreement calls for a cease-fire and the
us today. jenna: "america live" starts right now. megyn: fox news alert, the world on edge and the u.s. and its allies potentially on the brink of entering another war in the middle east to prevent syria from doing the unthinkable. welcome to "america live," everyone, i'm megyn cel by. just days after he first reported on concerns syria was actually mixing chemical weapons that could kill thousands of people at a time, we get word that the regime has loaded the nerve agent into bombs that could be dropped, we don't know when. the president earlier this here, our president, called chemical weapons use a, quote, red line that would get an immediate response from the united states, and here's what the white house said about it moments ago. >> to the administration any more urgent than 48 hours ago? >> i think we've been clear all week about our concern -- well, probably longer than that, but since this has been a heighten, an issue that's getting heightened attention, we have made clear, i think, in very stark terms our concern about it. i wouldn't want to characterize our assessments bas
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on, pressure on the price of oil, indisexposeble incomes and henry joins us now. 2013, what does pressure on the price of oil mean? >> downward, i think. i think what we see is some significant nonopec finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been t
business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."! >> tom: under the threat of a white house veto, the u.s. house of representatives is expected to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan b today-- a tax hike for those making more than a million dollars. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the presi
next month. >> luca, stay with us. we want to bring you major news out of neighboring korea. south korea has chosen its first ever female president. cheri kay has all the news. how significant is the election of miss park? >> well, i mean, she's really made history, set to become south korea's first woman president. it was a very tight race, a very polarized election with park winning 51.5% of the votes. but in the end, south korea made a choice that means more hope of economic recovery. scenes of joy as the v in south korea's presidential poll. >> this election is your victory. this is a victory brought by the people's hope for overcoming crisis and economic recovery 37. >> the daughter of a former military leader will take office next year as the country's first female president, challenging syria types in a country traditionally ruled by men in suits. she will be tasked with getting the slowing economy back on track at a time when growth rates have risen to a meager 2% now. but she will need to do it in a way that appeases young voters who are calling for more balanced income di
would continue to grow, housing would continue to improve, but what's been holding us back is the dysfunction here in washington. and if, you know, people start seeing that on january 1st this problem still hasn't been solved, that we haven't seen the deficit reduction that we could have had had the republicans been willing to take the deal that i gave them, if they say that people's taxes have gone up, which means consumer spending is going to be depressed, then, obviously, that's going to have an adverse reaction in the markets. >> what about automatic spending cuts? those take effect january 1st, as well. do they have to be part of this deal? you've got half of those cuts in defense law? >> well, congress agreed they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. so what we now have is a situation where these automatic spending cuts go into place. now, if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what
looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meeting and at the end of the year where we can hit that 1750 range. cheryl: very interesting. let's head over to the imax. i want to talk about a move that we are seeing in oil. it looks like some bearish signs for oil, in particular, when it comes to terms of supply. >> i think we get to 85 and then rebounds and get back up to the 88-89 level. the fiscal cliff talks not going anywhere yet. during the next two weeks we will start to see some positive remarks. one thing that is very interesting, heat and
announcer ] with stamps.com, you can print real u.s. stage for all your letters and packages. it gives you the exact amount of postage youeed the instant you ne it. can you print only stas? no. first class. priority mai certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> monday, december 3rd he and hold on to your wallet. the tax man is coming and he wants to tax everything. there's a long list of everything where the left wants to raise the tax take as of now, monday morning, centers on tax hikes, not spending cuts and certainly not entitlement reform. first to secretary geithner to him and the president, it's all about pushing the republicans to accept tax hikes. >> you know, i can't promise that. that's a decision that lies in the hands of republicans that are now opposing increase in tax rates. if they recognize the reality that we can't afford to extend those tax rates then we have the basis f
friend from the technical world joining us moments in the second hour of "the closing bell." >>> and it is 4:00 p.m. on wall street. i'm mandy drury sitting in for maria bartiromo. this is where we're finishing the day on wall street. we're also finishing out the trading week as well. the nasdaq has been the underperformer all day because of apple. still sitting below 3,000. the dow managing to finish 80 points higher. the s&p 500 also stretching its legs, up by four points. bill, you're back. >> of course. we've just started without you here, mandy. i'm bill griffeth. let's find out who made money on wall street. i'm still getting dressed here. ralph is our mentor here. and there's our own rick santelli. so we just got started here. what do you think of this market? >> i'm ecstatic. >> you're ecstatic? >> yes. >> is that beyond bullish? >> yonbeyond bullish. if bad news can't take you down, that's good news. for the past couple weeks, that's all we've been getting. and the market is working its way higher. it's not only in the states. it's around the world whether it be ho
left this evening. as always, thank you for being with us. let not your heart be troubled. the news continues. we will see you back here on monday. >> greta: tonight is america getting weak? vice-president dick cheney slamming president obama's foreign policy. >> our allies no longer trust us or have confidence in us, and our adversaries no longer fear us. the president makes bold statements and bold talk in the last couple of days about developments in syria, but i don't think they care. >> greta: you'll hear more from vice-president cheney in a few minutes, but first, the big threat here at home. >> this isn't a progress report because there's no progress to report. >> tax cuts? not government spending, not irresponsible entitlements. that gets a pass. it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff t
on the skilled work force or how much there is a skill gap, i think this is a critical issue. i think that for us to have clear policies, we need to do a little better in clearly defining the challenge. first of all, i don't think there is any question that the main reason we are having higher unemployment right now is not structural. it is fundamentally cyclical, fundamentally the lack of demand that is still in our economy as we recover from the great recession. that said, that awareness, that recognition that ben bernanke and former cea sheriff lazar -- cea chair lazear should not undermine that we face temporary or futures skills gaps but there is three reasons we should be focused on this. number one, even the unemployment today that is fundamentally about cyclical demand can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, but lower and long-term unemployment, and that if we allow regions of our fellow citizens to stay unemployed for year or two years or longer, we know from
a lot of growth in 1999 from 2000, and that led us to a recession. we're looking at the same thing now. we're seeing people have accelerated dividends, pre-payments, seeing a lot of companies that single proprietors are paying themselves this year in anticipation of higher rates. >> it's interesting that you point that out. it could be argued at the same time that we're delaying growth until next year because of the number of companies that have delayed hiring or capital expenditures because of the uncertainty about the fiscal cliff. >> yeah. well, uncertainty, unfortunately, is perhaps going to continue with this because the regulations are not going to go away there. may be a little bit more clarity but we're still writing up the regs on dodd/frank and looking at the health care thing. that won't be resolved in the first quarter. >> taking a cautious attitude. >> we think this is probably good. the numbers won't manifest themselves until the first quarter, but i think there's a lot of acceleration this year. the bonus depreciation is going to go away so there's been heavy capital spe
ground. >> susie: i'm susie gharb. the u.s. stock markeis expeed to be the world's best performer in 2013. that's the prediction of john rogers of the c.f.a. institute. he joins us tonight. >> tom: and new rules for health care also are around the corner. tonight, we look at how small businesses are preparing for the changes. >> susie: that and more tonight on nbr! >> tom: there's no deal, but the two sides are still talking. house speaker john boehner and president obama met earlier this evening at the white house in an effort to move forward the stalled fiscal cliff talks. there are now just 18 days before the tax hikes and spending cuts thatake up the clf take efft, and today, there were few signs of progress. as darren gersh reports, the tone of the talks, if anything, is getting worse. >> reporter: house democratic leader nancy pelosi may just have a second career as a stock analyst. her commentary on the markets today was dead on. >> so far, they trust that we would not be so stupid as to go over a cliff. >> reporter: but pelosi made clear what everyone knows-- time is running out t
limit battles to be an irresponsible use of congressional power. >> i will not negotiate around the debt ceiling. we are not going to play the same game that we played in 2011, which was hugely destructive. hurt our economy. provided more uncertainty to the business community than anything else that happened. >> reporter: the house will vote on the republican plan b tomorrow. veterans of washington's budget battles wouldn't be surprised to see a plan c or d before a final resolution is hammered out. darren gersh, "n.b.r.," washington. >> susie: the threat of the fiscal cliff was a big topic at an investor conference in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the
>>> that's it for us. >>> that's it for us. thanks for watching. "early start" begins now. >>> without warning, a surprise tornado strikes in the middle of a series of severe storms throughout the southeast. >>> plus, secret sabotage. police want to know who's behind the pipe bombs found attached to the gas tank of a large truck. >>> mum's the word on the air force's secret space plan set to blast off today. secret but we have some details. >> we know all about it. >> good that's right. good morning and welcome to "early start," everyone, i'm john berman. >> and i'm zoraida sambolin. tuesday, december 11th, 5:00 a.m. in the east. we begin this morning in the south where more storms are expected today. this after residents are left cleaning up from the aftermath of yesterday's storms. the rain was so intense. take a look at what happened to the home of one man, this is birmingham, alabama as he was being interviewed by a local tv reporter. >> we had dogs. he was in the cage. oh, my god. oh, my god. oh, my god. you all okay? you all okay? you all all right? >> look at that,
declining 12.3%. liz: because of the chicago mercantile exchange. a buying opportunity. and michael tells us why he expects double-digit earnings growth in the new year in what that'll do for equities. jerry leavy at the cme. another was some erosion of the last couple of minutes, the last hour or two. headlines from president obama, john boehner. is this market a little overbought going at the end of the year? >> for my technical perspective, you're absolutely right. they have eclipsed the upper end, and overbought situation. from my perspective and my colleagues, we are shocked trying to figure out the market moving higher. a lot of it is trying to figure out, we know a deal will get done, the real question is what are the ramifications of the deal and how will that affect earnings. as a guy who follows earnings very closely, we see that the drop year-over-year. it was from government. a noted state tax receipts are down adjusted for inflation 1% from 2,082,012. earnings are down on the top line, where does the bigger earnings growth come from? david: we have manufacturing coming in saying
us for more is alan capp, head of credit straebtegyt lloyds. alan, let's get your reaction. the number is going in the right direction. does it make much of a difference? >> right now the equity markets have had a great run. they're looking a bit overstretched. so i'm strul link to see how financial markets will respond positively to this. i think we need something bell to repel us forward. >> what do these numbers translate into in your forecast? >> what these are suggesting to us is manufacturing will not be able to support any growth in the eurozone, so it suggests that the downturn in gdp is likely to continue into fourth quarter, remain in recession and that's obviously a struggle on global growth, as well. >> and we stay in recession in the first quarter? we're now in december. >> there are some signs particularly the china pmi numbers and what we've seen from gdp recently that maybe some of the markets key to u.s. exporters may be showing signs of stabilizing, maybe get to growth. so that might mean moderation in the eurozone might ease in the first quarter. but agai
about in you're so vain and will you share that with us? >> i think it's warren beatty. >> and he says not. >> that's what my information was but again that information has not been updated for 40 years. [applause] >> now that that the turnpike extends past the city to the airport, any thoughts about revising the song? >> you mean the turnpike no longer ends in boston, it goes all the way to summer set, no. what town is the airport in? >> that's got a ring to it but it doesn't rhyme. that's the thing is the internal rhyme. that song has four rhyming schemes going at once. it's got to be boston unless they take it to aust tin texas. [applause] >> i want to thank all of you for joining us this afternoon. i want to remind you of our next lunch on december 18, we have leon panetta, i'm sure if you have some advice on how to stolve fiscal cliff i'm sure heed like to hear that. >> while you are writing your next song i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the
to go to brazil six months ago, if you told me the u.s. had just run faster, -- grown faster, 2.7%, we're expecting the u.s. economy to grow to%. the reason i raise this is to go down there and talk to policy makers and business people. we could have more taxes here, more regulation there. a little more cost of labor here. and a fair amount of uncertainty and take on one of the great economic miracles. they understand this thing they have a great economy growing rapidly is fragile and requires government to facilitate rather than later uncertainty. that is almost like a test tube of forcing. we had a time in which we had a huge amount of uncertainty. comes from -- some comes from government action. we had an aggressive regulatory agenda. we have not made a certain investments we have made. you add that up and you have a period in which businesses are operating under huge weight. creates the conditions under which businesses can operate in intellectual freedom. among the things government can do is create the conditions under which cost [no audio] to allow businesses to innovate. >> one
, but accurate thomas of abuse in the second panel will tell us the exact same thing that it's moving smoothly and we have no strong need for concerns. but which case he can make her happily. if not, the old adage of the host, paul hervey and now we hear the rest of the story. so with that, we'll start right off as we normally do from the left. from berkeley is a recognized and welcomed me to the panel and you are recognized for five minutes. >> thank you. good afternoon, chairman garrett and members the committee. my name is keith bailey. i am from barclays in that division. i appreciate the opportunity to testify on behalf of the institute of international bankers of the dodd-frank at in its impact on the market. the iab greatly appreciates the hard work done by regulators and congressional committees. we face the cftc in getting this right to operate on such a global basis. a test on a focus on continuing certainty of the type of seven regulations the effect it's having on the risk of the market of the implementation process is not on a more stable footing. they recognize the need for inter
is walking and loading its chemical weapons, ready to use them on its own people. nbc's chief pentagon correspondent joins us now. jim, is this the red line president obama was warning about? >> well, not quite yet. u.s. officials tell us that the syrian military is poised to use chemical weapons against their own people, and all it would take really is the final order from syrian president assad. but we have learned that as of today, all the precursored chemicals for that deadly nerve gas have in fact now been loaded on to aerial bombs, but those bombs are still in the depots. they haven't been loaded on to airplanes yet, and president assad hasn't given the order. but they're pretty close, larry, and that's why earlier this week, of course, president obama issued a very strong statement aimed at president assad saying look, if you use these weapons against your people, there will be serious consequences, but that's where somewhat of the problem lies. >> listen, i want to ask you, one of the parts of the red line statement by president obama and secretary of state clinton, that if the
>> steve: thanks very much for joining us on this thursday. tomorrow, friday, that means geraldo rivera drops by. >> gretchen: he will. and we're going to have more with the cast from "a christmas story" in our after the show show. we can hardly wait. >> brian: you just finding this out for the first time? >> steve: who needs broadway when you got fox friends friends. see you tomorrow, everybody. bill: the syrian government confirming it's getting its chemical weapons ready and may use it. the assad regime prepared the nerve gas sarin and loaded it. martha: i'm martha maccallum. president obama is warning assad that the whole world is watching his actions very closely, and if he were to use chemical weapons on his own people, it would clearly have large consequences for him. bill: secretary of state hillary clinton called an emergency meeting with the pentagon. >> the pentagon has contingency plans for everything including the chemical attack. it's believed according to a u.s. source that syria has put this sarin fast into cannisters that could be dropped from planes. these canni
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